My best guess is their failure rate is more than 98%.The truth is not as “convenient”.

Any landlord that offers this should have their head examined! 

Quote from @Arshiya Taami: I am planning on purchasing a profitable business with its real estate included in florida and the dscr is 1.85. the problem is im just short of 600k for the down payment. that being said, can anyone provide me any reputable loan companies that will offer bridge loans and what their requirements are. thank you in advance! 

When you mentioned you did your homework on the turnkey property, if that were the case you would have had a really good idea what the property was worth before you offered on it (of course sparing the occasional rogue appraiser, which may be what happened to you... idk) and certainly before the appraisal.

This convenience and leverage can justify the higher cost of these loans.Personally, I prefer using a HELOC because I only have to apply once and can then tackle one or two projects at a time.

I have to think this is not his software but a white-label offering.

Just take the one that is the most convenient for you. 

This approach balances guest convenience with managing costs and inventory.Happy to connect and share more tips!

This will give you clarity on the numbers and help you determine how to structure an offer that works for both sides.

For example, most Developers in the Seattle area are taking many properties and turning them to condos since that is a booming market with high rental rates And sometimes more conveniently built and accommodating then a SFH.